Tuesday 6 May 2014

Bitcoin crime surges


From Gadget

“A recent Kaspersky Lab study has revealed that financial malware targeting Bitcoin increased 2.5 times in 2013 and accounted for 8.3-million incidents.

According to the ‘Financial cyber threats in 2013’ study carried out by Kaspersky Lab, financial malware targeting Bitcoin became extremely popular in 2013. The number of attacks targeting the crypto-currency increased more than 2.5 times and accounted for 8.3 million incidents.

Bitcoin was created especially for making anonymous e-payments and has become extremely popular over the last few years. In early 2013, the Bitcoin exchange rate was $13.6. By December it reached a record peak, exceeding $1,200. During the year several slumps occurred, but since April 2013 the price of a single virtual coin has not dropped below $80. This inevitably attracted the attention of fraudsters. Adding to the problem, Bitcoins are often easy prey for cybercriminals: if users store Bitcoins on their computers in an unencrypted form, attackers only need to steal the wallet file to get information about the “coins” within and access the victim’s account.”

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